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dc.titleA Fund for the Transformation of Technical and Vocational Education and Training in Latin America and the Caribbean
dc.contributor.authorPrada, María Fernanda
dc.contributor.authorRucci, Graciana
dc.contributor.authorTolis, Marisol
dc.contributor.orgunitEducation Division
dc.contributor.orgunitSocial Protection and Labor Markets Division
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2025-11-10T15:11:00
dc.date.issue2025-11-10T00:11:00
dc.description.abstractThe Technical and Vocational Education and Training (TVET) Fund is a strategic initiative aimed at bridging the gap between workforce skills and labor market demands across Latin America and the Caribbean. Established by the Inter-American Development Bank (IDB), the Fund supports private sector-driven, innovative, and scalable initiatives that promote lifelong learning and inclusive economic development. Since its launch in 2019, thanks to the support of Germany and Switzerland, the Fund has financed 29 projects in 16 countries, trained more than 34,000 individuals, and developed 700 skill-based training modules. The Fund is generating evidence of its effectiveness through impact evaluations, cost-benefit analyses, and monitoring data from a diverse range of projects. Notable progress has been made in relevant skills development, improved educational outcomes, enhanced learning and employment pathways, better labor market results, and demonstrated cost-effectiveness. Through its evidence-based approach and strong public-private collaboration, the TVET Fund is building resilient, future-ready education systems that empower individuals and strengthen regional economies.
dc.format.extent17
dc.identifier.doihttp://dx.doi.org/10.18235/0013799
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/A-Fund-for-the-Transformation-of-Technical-and-Vocational-Education-and-Training-in-Latin-America-and-the-Caribbean.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectLabor
dc.subjectSkills
dc.subjectVocational and Technical Education
dc.subjectIndustry
dc.subjectLabor Force
dc.subjectDigital Technology
dc.subjectLearning
dc.subjectPrivate Sector
dc.subjectYouth and Children
dc.subjectTechnology Training
dc.subject.jelcodeJ10 - Demographic Economics: General
dc.subject.jelcodeJ24 - Human Capital • Skills • Occupational Choice • Labor Productivity
dc.subject.jelcodeO13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products
dc.subject.jelcodeO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
dc.subject.jelcodeO39 - Innovation • Research and Development • Technological Change • Intellectual Property Rights: Other
dc.subject.jelcodeQ01 - Sustainable Development
dc.typeLearning Materials
idb.identifier.pubnumberIDB-LM-00781
idb.operationRG-T4210
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